All Finance articles – Page 489
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NewsMedia Bites 7 September: Asda, Reckitt Benckiser, Brexit
Asda’s decision to axe almost 300 jobs at its head office as part of a cost-cutting drive makes the papers this morning.
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NewsCity snapshot: McBride sales slump in competitive markets
Revenues at McBride fell by £44.5m – or 5.9% – to £705.2m, with household sales lower by 5.8% and personal care & aerosols down 6.3%, as the household goods manufacturer completed the first stage of its ‘Repair, Prepare, Grow’ strategy. Plus, Imperial Brands raises £231m in sell-down of share in Logista.
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NewsRefresco shareholders approve £1bn takeover of Cott's bottling operations
Refresco shareholders have given the Dutch soft drinks bottler and contract packer the green light for its $1.3bn (£1bn) takeover of the bottling operations of Canadian drinks manufacturer Cott.
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NewsMore than 300 Asda HQ staff to be axed in new wave of cutbacks
The move under Sean Clarke’s turnaround strategy is the third major round of job cuts in as many years
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NewsFarmfoods' pre-tax profits halve as sales drop by £25m
Pre-tax profits at frozen foods supermarket Farmfoods more have halved in 2016
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NewsFoodservice growth pushes UK wholesale close to £30bn figure
Wholesale sector forecast to reach £31.3bn by 2021
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NewsNumber of convenience sector jobs declines 5% in past year
Increases in the national living wage and national minimum wage have ramped up pressure, says a new report from the ACS
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NewsLeave voters back seasonal work permits for EU citizens
New research by British Summer Fruits reveals 61% of Brexiteers favour a visa scheme
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NewsMedia Bites 6 September: AG Barr, Barry Callebaut, Asda
Irn-Bru maker AG Barr has warned that a Scottish plastic bottle deposit return scheme, in which consumers would be refunded if they recycled containers, could be subject to fraud and abuse.
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NewsCity snapshot: Food and drink industry 'alarmed' over leaked Home Office plans for EU migrants post-Brexit
Leaked Home Office documents outlining a strict immigration policy to force all but the most highly skilled EU migrants to leave the UK after Brexit show a “deep lack of understanding” of the important contribution European workers make across the food chain, the industry has warned.
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News150 jobs saved as Waitrose cake maker More Food acquired in pre-pack deal
A rescue deal at Waitrose and Budgens cake supplier More Food has saved 150 jobs after rising commodity prices following the Brexit vote and substantial costs related to a move to new facilities squeezed the business.
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NewsInnis & Gunn seeks green light to sell £15m stake to US private equity firm
Innis & Gunn has followed in the footsteps of fellow Scottish craft brewer BrewDog and attracted the interest of a US private equity firm
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NewsCity snapshot: Solid August retail sales defy poor summer weather
UK retail sales rose 1.3% on a like-for-like basis in August according to the latest BRC-KPMG Retail Sales Monitor to shrug off the recent wet weather. Plus, the FTSE slides on North Korea worries, McBride boosted by Danish deal and all the latest news from the City.
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NewsMedia Bites 5 Sep: Exports, Reckitt Benckiser, C&C Group
Factories are enjoying some of the best conditions in two decades as the fall in the pound and a strengthening global economy boost factory orders and rates of production, writes The Times.
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NewsMcBride swoops for £10.8m Danish firm Danlind
Private label household goods manufacturer McBride has bought Danish dish-wash and laundry products firm Danlind for a cash consideration of £10.8m.
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NewsTesco trio's fraud and false accounting trial adjourned until 25 September
The three men pleaded not guilty at a hearing at Southwark Crown Court last month
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NewsFruit & veg sector backs Coupe warnings of produce rotting at borders
Mike Coupe warned fresh food could be left rotting at the UK border if strict customs checks are introduced after Brexit
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NewsMichael O'Loughlin to lead acquisitions at Motor Fuel Group
O’Loughlin left Applegreen in December 2016, after eight years as managing director of its UK business
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NewsC&C Group takes stake in pub group Admiral Taverns
Magners and Tennent’s brewer C&C Group has bought a 47% stake in UK pub group Admiral Taverns as part of its acquisition by US investment fund Proprium Capital Partners.
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NewsMedia Bites 4 Sep: Reckitt Benckiser, Little Dish, Sainsbury's, Ocado
Four of Reckitt Benckiser’s top 10 executives are quitting the British household consumer group, which is battling the lowest sales growth in its history, writes The FT.